Action group vows to pursue broker Pound Gates after BI policies fail to pay out
A group of nurseries is banding together to sue broker Pound Gates for an estimated £10m after it recommended business interruption insurance policies that failed to pay out during the Covid-19 pandemic.
In a group statement the nursery owners explained that when they tried to claim for the losses they had suffered during the pandemic from their insurer, Ecclesiastical, they were told that they did not have a valid claim as Covid-19 was not among a list of pre-specified diseases on their policy.
Law firm Fieldfisher was asked to look into a potential claim against Pound Gates after it emerged other nurseries’ business interruption policies with different insurers had paid out under the terms of
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